SRS Capital Advisors Inc. Grows Position in S&P Global Inc. (NYSE:SPGI)

SRS Capital Advisors Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,596 shares of the business services provider’s stock after purchasing an additional 757 shares during the quarter. SRS Capital Advisors Inc.’s holdings in S&P Global were worth $4,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its holdings in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global in the third quarter worth $224,976,000. FMR LLC raised its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in S&P Global in the fourth quarter worth $144,091,000. Finally, Wellington Management Group LLP raised its holdings in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SPGI. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

NYSE SPGI opened at $534.09 on Friday. The company has a market capitalization of $164.39 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average of $513.75 and a 200 day moving average of $510.82. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company posted $3.13 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.